Excellent income-producing fourplex featuring four spacious 2-bedroom, 1-bath units. Each unit offers a functional layout with comfortable living spaces and strong rental appeal. The property is fully occupied, providing immediate and consistent cash flow. All tenants are currently on month-to-month leases, offering flexibility for future rent adjustments or potential owner occupancy. This is a great opportunity for investors seeking stable income with upside potential. Conveniently located near shopping, schools, and major transportation routes. Don't miss this turnkey multi-unit property with reliable rental history.
Rare opportunities like this don't come along often in the heart of Orcutt! Situated in a well-established neighborhood on a spacious .20 acre lot, this beautifully remodeled 4-bedroom, 2-bath home offers versatility, income potential, and modern comfort -- all in one exceptional property. The main home features an open-concept floorplan designed for today's lifestyle. The modern kitchen showcases shaker-style wood cabinetry, chic quartz countertops, and newer stainless-steel appliances -- perfectly blending style and function. The bright and inviting living room offers recessed lighting, durable vinyl flooring, and a cozy fireplace ideal for relaxing evenings. A convenient laundry room is located just off the kitchen for added ease. All four bedrooms are generously sized with newer carpet and stylish light fixtures. Both bathrooms have been tastefully updated with custom tile work and designer finishes, creating a fresh, contemporary feel throughout. Adding even more value are two additional units: • A newly built (2025) detached 2-bedroom, 1-bath home complete with a kitchen, laundry and living area, and mini split (a/c and heat)- ideal for extended family, multi-generational living, or premium rental income. • A newly built (2025) attached 1-bedroom, 1-bath unit complete with a kitchen, living area, and mini split (a/c and heat)- perfect for additional rental revenue. All three units are currently tenant-occupied with leases ending this summer, offering flexibility for investors looking to reset rents or owner-occupants wanting to move in while maintaining income. Located in a desirable Orcutt school district and close to shopping, dining, and commuter access, this property checks every box for investors and homeowners alike. Whether you're looking to expand your portfolio, house hack, or create space for family while generating income -- this is the one you don't want to miss. Schedule your private tour today before this rare Orcutt opportunity is gone! *Photos are prior to tenants.
Welcome to 223 East Tunnell in beautiful Santa Maria, CA. This is a rare opportunity to purchase a multi-family rental property on a large, centrally located parcel with strong current income and room for future growth. This unique property features seven (7) single-level casitas thoughtfully arranged around a charming common courtyard, creating a welcoming community setting for residents. The property consists of four separate building structures comprising four 1-bedroom units and three 2-bedroom units. Several casitas feature private backyard spaces, while all residents enjoy access to the shared green common area in the front. Current monthly rental income is over $12,000 per month, with tenants paying electric/gas on separate meters. Various units have a private backyard space, and all units have access to a green common area in the front. The rear parking lot, conveniently accessed via the alley, offers seven onsite parking spaces along with an owner’s storage shed that presents potential for conversion into onsite laundry facilities. 223 East Tunnell is primed for a new owner to implement their vision and maximize its potential. Call today for a private showing.
Courtesy: Radius Group Commercial R.E.
805-965-5500
Positive Leverage From Day 1 w/ 3.77% Interest Only Assumable Agency Loan! Agnes Apartments is a 13-unit multifamily community located in Santa Maria, offering a well-positioned residential investment with immediate cash flow. The property features an ideal unit mix consisting of studios, one-bedroom, and two-bedroom units, allow-ing for broad tenant appeal. Units are arranged around a central courtyard with open green space, providing a functional common area for residents. The property includes a shared on-site washer and dryer room and covered carport parking, with one parking space provided per unit. Recent lighting upgrades have improved visibility and safety throughout the parking areas. **Part of a portfolio sale - 511 W Cook Street (11 units) is available under same ownership.**
Courtesy: Radius Group Commercial R.E.
805-965-5500
Positive Leverage From Day 1 w/ 3.77% Interest Only Assumable Agency Loan! The Lofts at 511 Cook Street is a distinctive 11 unit multifamily property in the heart of Santa Maria, featuring all 1 bedroom, 1 bathroom apartments, including three loft- or townhouse-style units that offer unique architectural character and a modern, upscale feel. The building spans 6,946 square feet and includes ample off-street parking, and an on-site laundry facility. Detached garages provide an easy value-add opportunity for a new owner, with potential for ADU conversion. Centrally located just minutes from downtown Santa Maria, residents enjoy convenient access to shops, restaurants, and local amenities. With its blend of standard and loft-style units, this property offers a compelling mix of functionality and style, making it appealing to young professionals, singles, and small households. It represents an outstanding opportunity for investors seeking a turnkey multifamily asset with both income stability and long-term growth potential. **Part of a portfolio sale, can be sold together or separate. 127 Agnes (13 units) is also available**
Unique multi-unit property it's centrally located. Features Three 1 Bedroom Units and Two 2 Bedroom Units plus 6th building is a Storage/Garage Building located on the south west portion of the property. Units are occupied. Do Not Disturb Occupants. Call your realtor today!
Are you the kind of investor who is looking for the next high-income producing opportunity? Are you excited by a multi-family building designed for student housing or communal living? If so, this deal is for you. This newly built co-living property has been years in the making, with extensive planning, approvals, and construction now nearing completion. The property was designed specifically for student and communal living. It offers 42 total bedrooms across six 5-bedroom units and two 6-bedroom units. Each bedroom has its own smart lock, and the shared kitchens and bathrooms create a practical setup for communal, dorm-style living that helps maintain high occupancy and steady income. The projected numbers are strong. The developer anticipates monthly income of $55,900 dollars and annual gross income of $670,800 dollars, which supports a 9.7% percent cap rate at a purchase price of $4,995,000 dollars. The property is also located in an Opportunity Zone, providing valuable tax advantages that can enhance long-term returns. If you want an investment that rewards effort, demands smart management, and delivers the kind of cash flow most properties can’t touch, this one deserves your attention. The location offers the kind of built-in demand investors look for. With Hancock College just minutes away and the consistent need for farm labor, the property benefits from a steady flow of students and seasonal workers seeking affordable, flexible housing. This consistent renter base will support strong occupancy levels year-round. If this investment fits what you’ve been looking for, contact us to arrange a private showing.
Unique Investment Opportunity - Zoned R2 with Future Development Potential. This is a rare opportunity for a buyer with vision and patience. Located in an area the City of Santa Maria has identified for future development, this property was previously zoned M1 and is now designated R2. The current use is grandfathered under the prior M1 zoning; however, any new use must comply with the current R2 zoning regulations. Buyers are encouraged to verify zoning and development plans directly with the City of Santa Maria. West Street is a private road. The dirt road from Thornburg is technically not a legal easement. It is an implied easement. All residence have always used the dirt road to access their properties. The lot is approximately 24,306 square feet per recent legal split (records available), though public records still reflect a larger 40,510 square foot parcel. The property includes a 1,092 square foot structure built in 1957 on a slab foundation. The building is in poor condition and may be best suited for tear-down. Utilities include city water, natural gas, and septic system. This is an excellent opportunity to invest in a transitioning neighborhood with long-term upside potential. Please note: attached is a City Map which shows the property line goes through half the road. So this means that this property owner owns part of the road. When the City decides to develop that road which will eventually go from Thornburg to Depot, there is the potential that the City may need to buy this part of the road from this property owner.
Santa Maria is located in California. Santa Maria, California has a population of 109,309. Santa Maria is more family-centric than the surrounding county with 35.88% of the households containing married families with children. The county average for households married with children is 31.69%.
The median household income in Santa Maria, California is $73,300. The median household income for the surrounding county is $84,356 compared to the national median of $69,021. The median age of people living in Santa Maria is 29.2 years.
The average high temperature in July is 76.4 degrees, with an average low temperature in January of 39.2 degrees. The average rainfall is approximately 16.5 inches per year, with 0 inches of snow per year.
